closing in on world-class copper-gold...

ASX:TLM

Closing in on world-class copper-gold depositsResources Rising Stars, September 2011

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Disclaimer and Competent Person’s Statements

Disclaimer

This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. Theinformation in this presentation is an overview and does not contain all information necessary for investmentdecisions. In making investment decisions in connection with any acquisition of securities, investors should rely on theirown examination of Talisman Mining Ltd (Talisman Mining or the Company) and consult their own legal, business and/orfinancial advisers.

The information contained in this presentation has been prepared in good faith by Talisman Mining Ltd, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, Talisman Mining Ltd, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted from this presentation.

Certain information in this presentation refers to the intentions of Talisman Mining Ltd , but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Talisman Mining Ltd’s actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, Talisman Mining Ltd, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the presentation will actually occur as contemplated.

Competent Person’s Statement

Information in this presentation that relates to Exploration Results and Mineral Resources is based on information

compiled by Mr Graeme Cameron, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Cameron is

a full time employee of Talisman Mining Ltd and has sufficient experience which is relevant to the style of mineralisation

and types of deposit under consideration and to the activities undertaken to qualify as a Competent Person as defined in

the 2004 Edition of the “Australian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Graeme Cameron

consents to the inclusion in this presentation of the matters based on information in the form and context in which it

appears.

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Talisman – The Vision

“To build a quality Australian mining and exploration company focused on generating profits and shareholder returns…”

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Talisman – Established Business Model

Successful history with a focus on:

Discovery, development and exploitation of base metals and gold

Organic growth through exploration success

Track record of maximising shareholder wealth

Creating value and growth through:

Exploration - systematic, scientific approach

Asset dealings

Funding capacity

Execution capability

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Talisman – Corporate Overview

Capital Structure

Shares 131.5M

Unlisted Options 11.2M

Market Cap - (undiluted @ 55 cents per share) $72M

Cash $40M

Listed Investments

- Rico Resources 35m Shares

- Shaw River 1m Shares

Management

Gary Lethridge (Managing Director)

Peter Langworthy (Executive Director)

Dan Madden (Chief Financial Officer)

Graeme Cameron (General Manager Exploration)

Peter Cash (Manager Corporate Development)

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Talisman Project Location

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Talisman – The Projects

Key focus is the Bryah Basin copper-gold region

Springfield

Halloween

Emerging Gold Projects

Livingstone

Muddawerrie

Thinking BIG in the Gascoyne for IOCG and Ni-Cu-PGE deposits

Shelby

Milgun

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Springfield – The Flagship Project

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Located within a new VMS camp

Adjacent to Sandfire’s world-class DeGrussa VMS deposit

14.33Mt @ 4.6% Cu and 1.6g/t Au

Historically under-explored for gold and base metals

Identification of visible copper mineralisation along multiple horizons prospective for VMS deposits:

0.30 metres @ 7.60% Cu

0.50 metres @ 1.30% Cu and

0.25 metres @ 1.54% Cu

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Springfield – Building the Discovery Model

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Springfield – Interpreted Regional Cross Section

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Springfield - The Growing Evidence

High-quality integrated datasets now assembled to underpin search for VMS systems

Development of 3D geological model

Confirmation of analogous setting to DeGrussa

Ability to target multiple distinct VMS-prospective horizons

Potential considered to be immense

Target horizons now delineated over combined 35-40km strike

Presence of significant copper mineralisation

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Springfield - The Targets

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Monty Prospect – Interpreted Geology

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Homer Prospect - Interpreted Geology

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The Evolution of a World-Class VMS Camp

1938:

1 Deposit

1938 – 1952:

2 Deposits

1952 – 1954:

6 Deposits

1954 – 1956:

11 Deposits

1956 – 1958:

5 Deposits

1958 – 1960

4 Deposits

1960 – 1970

6 Deposits

1970 – 1980

3 Deposits

1980 – 1990

3 Deposits

TOTAL:

41 Deposits for 490.5Mt

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Doolgunna – The Emerging World-Class VMS Camp?

1980’s

Horseshoe Lights VMS deposit Developed

2009

Sandfire DeGrussa/Cu-Au discovery

14.33Mt @ 4.6% Cu and 1.6g/t Au

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Springfield – Closing in on a Discovery

Springfield is our flagship

Geology unlocked

Advancing from reconnaissance to targeted exploration

Committed and well funded

Closing in on a discovery

2020

Establishing a Gold Business

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Exploration portfolio broadened with two low cost gold focused project acquisitions in June 2011

Livingstone

Muddawerrie

Developing a series of regionally significant large scale gold projects

Targeting + 1M ounce gold deposits

High priority drilling targets identified

Drilling has commenced

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Livingstone

Large scale, quality Proterozoic gold opportunity (+1M Oz)

31km strike length of the Central Shear Zone

Demonstrated gold endowment

Series of significant high-grade gold intercepts

Mineralised trend has not been subject to systematic exploration

Drilling in 2011

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Muddawerrie

Highly prospective for banded iron formation and mafic hosted shear zone gold deposits

Muddawerrie Trend -16km strike

Mt Maitland Trend - 6km strike

Limited historic exploration

Drilling program underway

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Demonstrated ability to expand and diversify exploration portfolio

Low cost acquisition

Large scale growth opportunities

Early initiation of exploration activities

Clear strategy to discover stand alone +1M Oz gold deposits

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Gascoyne Projects – Thinking Big

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Looking for world class, large scale

mineral deposits

Iron Oxide Copper Gold (IOCG)

Mafic-Ultramafic intrusive related

Ni-Cu PGE

Olympic Dam

Prominent Hill Ernest Henry

Olympic Dam

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Looking for world class, large scale

mineral deposits

Iron Oxide Copper Gold (IOCG)

Mafic-Ultramafic intrusive related

Ni-Cu PGE

First mover opportunity

Cheap and straight forward

project entry

Application of new technology and

new quality data sets to a

potential new province

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Major structures and magnetic targets identified in original dataDetailed airborne magnetic and gravity data collected over projectKey large scale targets identifiedPositive first phase drilling completed confirming IOCG style alteration with anomalous Cu/Au mineralisation Follow up drilling about to start

Visible Chalcopyrite

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Closing in on World Class Copper-Gold Deposits

First mover exposure to potential world class, large scale mineral deposits

Springfield Copper-Gold Project

High grade, High Value discovery opportunity

Gold Business

Targeting stand alone +1M Oz gold deposits

Gascoyne Projects

Game Changer

Cashed up and actively seeking new growth opportunities

Management with a history of delivering

ASX:TLM

Closing in on world-class copper-gold depositsResources Rising Stars, September 2011

closing in on world-class copper-gold...

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